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By: Staff Reporter
Pisces has further increased its presence in the lending market, adding two new lenders to its ‘Lodgement’ platform in May.
According to the software provider’s general manager Vincent Turner, most major lenders have now mandated the use of lodgement software in an attempt to create efficiency in their back offices.
“Lodgement providers like Pisces have seen over 100 per cent growth in application submission over this period, now processing billions of dollars worth of home loans every month,” Mr Turner said.
“For the smaller lenders who are now starting to see their product offering becoming competitive, they enter a market where the adoption and acceptance of software by advisers has moved dramatically and in some cases there exists a situation where if the broker can’t lodge electronically if affects their decision to use the lender.”
In April 2010 Pisces re-launched its “Lite” pricing enabling smaller lenders to get deployed on its various platforms.
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